There's no excuse for them to go full tory on us when they have options on the table for acquiring money to balance the books, they've stuck their knife in our backs and burned bridges, how can we trust people who knowingly, wilfully cut the incomes of the vulnerable so readily? - ThreadSky

twocvbloke.bsky.social • 5 days ago

There's no excuse for them to go full tory on us when they have options on the table for acquiring money to balance the books, they've stuck their knife in our backs and burned bridges, how can we trust people who knowingly, wilfully cut the incomes of the vulnerable so readily?

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utilitymonster2.bsky.social•5 days ago

There aren't many good options on the table. They've already taxed the wealthy to the tune of £15 billion a year.

They could break their manifesto promise not to raise income tax and employee NICs. They could raise inheritance tax to 45%, though that would only raise £1 billion a year or so.

aminaerin.bsky.social•5 days ago

So they’ve taxed disabled people by a third of the rich unjustifiable

twocvbloke.bsky.social•5 days ago

And yet there's millionaires in the UK actively telling the government that they will pay an extra 2% in tax to cover the shortfalls, but the government chose to ignore that and to attack those with the most to lose instead...

utilitymonster2.bsky.social•5 days ago

Those millionaires can make a voluntary contribution to the Treasury at any time.

There appear to be around 60 of them. There are over 3,000,000 in this country.

25% of pensioners are millionaires yet many complained about having the winter fuel allowance taken away from them.

twocvbloke.bsky.social•5 days ago

"voluntary contribution" versus consistent taxation are not comparable, a tax of 2% on people with wealth over £10m is proposed, but the government has ignored it, a big pile of cash just waiting to be dug into, but instead robbing peter to pay paul...

utilitymonster2.bsky.social•5 days ago

Spain’s raised virtually nothing, and they had a lower threshold and a higher rate than that.

paddlepower.bsky.social•5 days ago

Taxes or pitchforks, when you're finished talking bollox choose because the latter is not far off.

twocvbloke.bsky.social•5 days ago

Spain's also a nation that isn't exactly prosperous due to their own economic downturns, so a poor comparison...

utilitymonster2.bsky.social•5 days ago

A wealth tax of up to 3.5% on assets worth over 3 million Euros, implemented by the Socialist government, only raised 632 million Euros (£500 million) in Spain.

https://www.reuters.com/article/technology/spains-new-wealth-tax-raises-632-million-euros-idUSL8N3AW2SR/

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